Integrated Filing — IndAS



General information about company

Scrip Code 544525
NSE Symbol GKENERGY
MSEI Symbol NOTLISTED
ISIN INE1AG301022
Name of company GK ENERGY LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 14-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 08-11-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment EPC Business and Others
Start date and time of board meeting 14-11-2025   19:00:00
End date and time of board meeting 14-11-2025   21:05:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 03-12-2024
Indicate Company website link for updated RPT policy of the Company https://gkenergy.in/wp-content/uploads/2025/09/Policy-on-RPT_.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 2
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
There are no such defaults.



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 35,850.40 65,377.20
Other income 197.00 365.50
Total income 36,047.40 65,742.70
2 Expenses
(a) Cost of materials consumed 24,649.60 42,619.40
(b) Purchases of stock-in-trade 0.00 1,639.20
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 704.20 1,396.30
(e) Finance costs 1,084.70 1,865.40
(f) Depreciation, depletion and amortisation expense 81.10 134.30
(f) Other Expenses
1 Other Expenses 642.00 5,786.00
2 Installation and project administration Charges 2,677.30 1,097.70
Total other expenses 3,319.30 6,883.70
Total expenses 29,838.90 54,538.30
3 Total profit before exceptional items and tax 6,208.50 11,204.40
4 Exceptional items 0.00 0.00
5 Total profit before tax 6,208.50 11,204.40
6 Tax expense
7 Current tax 1,476.90 2,704.00
8 Deferred tax 85.70 160.60
9 Total tax expenses 1,562.60 2,864.60
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 4,645.90 8,339.80
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 4,645.90 8,339.80
17 Other comprehensive income net of taxes 3.30 1.10
18 Total Comprehensive Income for the period 4,649.20 8,340.90
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 4,056.30 4,056.30
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 2.7 4.85
Diluted earnings (loss) per share from continuing operations 2.7 4.85
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 2.7 4.85
Diluted earnings (loss) per share from continuing and discontinued operations 2.7 4.85
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1 The Statement of Unaudited standalone Financial Results of GK Energy Limited (the 'Company') has been prepared in accordance with the recognition and measurement principles of Indian Accounting Standard 34 - Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 (the Act) and other accounting principles generally accepted in India and presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ('Listing Regulations'). The Statement of Unaudited Standalone Financial Results of the Company have been reviewed by the Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on November 14, 2025 and has been subject to limited review by the Statutory Auditors of the Company. 2 The figures for the corresponding quarter ended September 30, 2024 and half year ended September 30, 2024 as reported in these unaudited financial results have been approved by the Company's Board of Directors but have not been subjected to review since the requirement of submission of quarterly and year to date financial results is applicable on listing of equity shares of the Company, which was from the quarter ended June 30, 2025. These figures are furnished by the management of the Company and were reviewed and recommended by the Audit committee and approved by the Board of Directors at their meeting held on November 14,2025 3 The Company is primarily into the business of design, manufacture, supply, transport, installation, testing and commissioning of decentralized solar systems primarily focused on Solar Photovoltaic Water Pumping Systems popularly known as Solar Agricultural Pumps and other ancillary Services .The Chief Operating Decision Maker (CODM) review the Company's performance and allocates resources based on an overall assessment of the business as a single operating segment, accordingly, no other reportable separate segment information is provided in accordance with the requirements of Ind AS 108 - Operating Segments. 4 The Unaudited Standalone Financial Results are available in the Investors section of our website at https://Gkenergy.in and is also available on www.bseindia.com and www.nseindia.com



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 8,457.50
Capital work-in-progress
Investment property
Goodwill 0.00
Other intangible assets 73.40
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 500.00
Trade receivables, non-current
Loans, non-current 13.30
Other non-current financial assets
Total non-current financial assets 513.30
Deferred tax assets (net)
Other non-current assets
Total non-current assets 9,044.20
2 Current assets
Inventories 13,234.10
Current financial asset
Current investments 0.00
Trade receivables, current 70,734.20
Cash and cash equivalents 2,938.30
Bank balance other than cash and cash equivalents 38,909.80
Loans, current 659.60
Other current financial assets 443.50
Total current financial assets 1,13,685.40
Current tax assets (net)
Other current assets 6,319.00
Total current assets 1,33,238.50
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 1,42,282.70
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 4,056.30
Other equity 73,877.10
Total equity attributable to owners of parent 77,933.40
Non controlling interest
Total equity 77,933.40
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 3,770.30
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities 29.50
Total non-current financial liabilities 3,799.80
Provisions, non-current 18.00
Deferred tax liabilities (net) 157.50
Deferred government grants, Non-current
Other non-current liabilities 10.40
Total non-current liabilities 3,985.70
Current liabilities
Current financial liabilities
Borrowings, current 37,542.40
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 1,224.40
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 15,771.90
Total Trade payable 16,996.30
Other current financial liabilities 3,454.90
Total current financial liabilities 57,993.60
Other current liabilities 209.40
Provisions, current 2,160.60
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 60,363.60
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 64,349.30
Total equity and liabilites 1,42,282.70
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurements of defined benefit plans 450000 150000
Total Amount of items that will not be reclassified to profit and loss 4.50 1.50
2 Income tax relating to items that will not be reclassified to profit or loss 1.20 0.40
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 3.30 1.10



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 11,204.40
Adjustments for reconcile profit (loss)
Adjustments for finance costs 1,865.40
Adjustments for decrease (increase) in inventories (7,240.60)
Adjustments for decrease (increase) in trade receivables, current (34,651.60)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 292.10
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 1,243.40
Adjustments for other financial assets, current (367.90)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 5,270.70
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (236.80)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 134.30
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.10
Adjustments for provisions, non-current 3.40
Adjustments for other financial liabilities, current 313.80
Adjustments for other financial liabilities, non-current (16.70)
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 365.50
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 2.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (33,753.90)
Net cash flows from (used in) operations (22,549.50)
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 950.60
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities (23,500.10)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 490.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 7,268.20
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 365.50
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (32,740.20)
Net cash flows from (used in) investing activities (40,132.90)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 48,684.10
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 16,183.00
Repayments of borrowings 1,031.90
Payments of lease liabilities 1.00
Dividends paid 0.00
Interest paid 1,865.40
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 4,500.00
Net cash flows from (used in) financing activities 66,468.80
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 2,835.80
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 2,835.80
Cash and cash equivalents cash flow statement at beginning of period 102.60
Cash and cash equivalents cash flow statement at end of period 2,938.40





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Bharat J. Rughani & Co. Yes 31-08-2027


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 24-09-2025
Amount Raised 40,000.00
Report filed for Quarter ended 30-09-2025
Monitoring Agency Applicable
Monitoring Agency Name, if applicable CARE Ratings Limited
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review
Comments of the auditors, if any
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Funding our long-term working capital requirements No 32,245.80 0.00 7,021.70 0.00
2 General Corporate Purposes No 4,648.50 0.00 130.40 0.00


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (2)

Amount in (Lakhs)

Mode of Fund Raising Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 26-08-2025
Amount Raised 9,999.90
Report filed for Quarter ended 30-09-2025
Monitoring Agency Applicable
Monitoring Agency Name, if applicable CARE Ratings Limited
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review
Comments of the auditors, if any
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Working capital requirements and general corporate purposes No 1,000.00 0.00 1,000.00 0.00


Signatory Details

Name of signatory Jeevan Innani
Designation of person Company Secretary and Compliance Officer
Place Pune
Date 14-11-2025




Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 GK Energy Limited Gopal Kabra Chairman and Managing Director Remuneration 2,100.00 Approved 1,049.60 8.30 571.10
2 GK Energy Limited Mehul Ajit Shah Director Remuneration 149.70 Approved 149.70 14.90 107.90
3 GK Energy Limited Sunil Kamalkishor Malu Chief Financial Officer Remuneration 60.00 Approved 60.00 2.80 1.70
4 GK Energy Limited Jeevan Santoshkumar Innani Company Secretary Remuneration 7.00 Approved 7.00 0.90 0.90
5 GK Energy Limited Navaniit Narayandas Mandhaani Non Executive Director Any other transaction Director Sitting Fees 2.30 Approved 2.30 0.00 0.00
6 GK Energy Limited Chandra Iyengar Independent Director Any other transaction Director Sitting Fees 1.30 Approved 1.30 0.00 0.00
7 GK Energy Limited Susheel Dwarkadasj Bhandari Independent Director Any other transaction Director Sitting Fees 2.00 Approved 2.00 0.00 0.00
8 GK Energy Limited Pooja Pawan Chandak Independent Director Any other transaction Director Sitting Fees 2.30 Approved 2.30 0.00 0.00
9 GK Energy Limited GK Energy Solar Private Limited Wholly owned Subsidiary Investment 490.00 Approved 490.00 1.00 500.00
10 GK Energy Limited GK Energy Solar Private Limited Wholly owned Subsidiary Loan 459.60 Approved 459.60 200.00 659.60
11 GK Energy Limited GK Energy Solar Private Limited Wholly owned Subsidiary Interest received 16.90 Approved 16.90 0.00 16.90
12 GK Energy Limited Gopal Kabra Chairman and Managing Director Any other transaction Royalty 65.30 Approved 65.30 0.00 65.30
13 GK Energy Limited Gopal Kabra Chairman and Managing Director Any other transaction Loan Received 4,500.00 Approved 4,500.00 580.50 5,080.50
Total value of transaction during the reporting period 6,806.00